Dr Tom Richards Center Inc is located in Hohenwald, TN. The organization was established in 2006. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Dr Tom Richards Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Tom Richards Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Dr Tom Richards Center Inc generated $103.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $153.4k during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL HOUSING PROJECT. THE ORGANIZATION OPERATES A 15-UNIT HOUSING PROJECT IN SHELBYVILLE, TENNESSEE FOR THE BENEFIT OF PHYSICALLY DISABLED AND CHRONICALLY MENTALLY ILL PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 15-UNIT HOUSING PROJECT IN SHELBYVILLE, TENNESSEE FOR THE BENEFIT OF PHYSICALLY DISABLED AND CHRONICALLY MENTALLY ILL PERSONS. THIS IS THE ORGANIZATIONS ONLY PROGRAM SERVICE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jerry T Risner Executive Director | Officer | 1 | $0 |
Lynn Rooker President | Trustee | 1 | $0 |
Kenneth Carroll Secretary | Trustee | 1 | $0 |
Sharon Smith Board Member | Trustee | 1 | $0 |
Neil Jobe Board Member | Trustee | 1 | $0 |
Janie Alsup Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $54,129 |
Investment income | $2 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $103,609 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $28,057 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,837 |
Fees for services: Management | $8,641 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,740 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4,009 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $50,268 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $222 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $48,561 |
Insurance | $5,040 |
All other expenses | $0 |
Total functional expenses | $153,381 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,157 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $55 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,808 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $80,100 |
Total assets | $974,875 |
Accounts payable and accrued expenses | $15,964 |
Grants payable | $0 |
Deferred revenue | $31 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,262 |
Total liabilities | $19,257 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $955,618 |
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